A crypto researcher has published a "Templates, Conventions, and Operations" (TCO) framework mapping smart contracts onto traditional financial agreements. Templates define product structure, conventions set terms, and operations govern post-launch changes via notice, approval, and time to effect. The author argues ERC standards are code libraries, not templates, and notes crypto conventions remain a liquidity battle. The piece cites a June 2026 incident where new Morpho Blue pools for Pendle PT-reUSD used an attackable oracle, liquidating over $35 million of borrowers.

AI summary of the linked source — not editorial content.

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